Metro Bank announces innovative partnership with Xero

Metro Bank, the bank for entrepreneurs, is today proud to announce a new partnership with Xero, the online accounting software specialist.

Metro Bank business customers using Xero will soon be able to import and categorise their bank statements automatically, making manual uploads and downloads redundant, and saving them valuable time.

Xero provides customers with the ability to streamline their accounting and banking processes, with customers able to reconcile their accounts with one click, manage their business data in one place, create smart reports and professional invoices – all of which can be managed on the move, through their state-of-the-art app.

Gary Turner, Managing Director at Xero, commented on the partnership: “We’re thrilled to welcome Metro Bank on board – a bank that shares in our commitment to innovate and make doing business simpler and more efficient for customers.”

Paul Riseborough, Managing Director for Customer Propositions at Metro Bank, commented: “As a champion of small businesses, we are continually looking to work with partners that can benefit our customers as they expand and develop their businesses.

“Xero offers customers a quick and simple solution for their accounting needs – a proposition that fits perfectly with our commitment to providing a convenient and customer-focused banking experience.”

Metro Bank is committed to supporting local businesses and each store is run by a local bank manager able to make lending decisions on an individual case-by-case basis. SMEs also have their own relationship manager who understands their business and its needs, and can make use of Metro Bank SME Finance’s cash management solutions. All these benefits can be enjoyed at a time that is convenient to businesses, with stores open early to late 7 days a week, a 24 hour call centre based in London run by people not machines, and full internet banking services.

Your eligible deposits with Metro Bank PLC are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. Any deposits you hold above the limit are unlikely to be covered. For further information visit www.fscs.org.uk.

Metro Bank PLC. Registered in England and Wales. Company number: 6419578. Registered office: One Southampton Row, London, WC1B 5HA. We are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority. Metro Bank PLC is an independent UK Bank - it is not affiliated with any other bank or organisation (including the METRO newspaper or its publishers) anywhere in the world. "Metrobank" is the registered trademark of Metro Bank PLC.